Debt payoff & minimum-payment trap

Credit Card Payoff Calculator

See exactly how long it takes to clear your balance, and how much more it costs if you only ever pay the minimum due.

₹

Total amount currently owed on the card.

12%42% p.a.48%

Most Indian credit cards charge between 30% and 42% APR.

₹

The fixed amount you plan to pay every month.

2%5%10%

% of balance charged as minimum due each month.

₹

The lowest amount due regardless of balance.

Calculation Assumptions

Results can differ across apps when compounding or contribution timing assumptions change.

  • Interest is compounded monthly on the remaining balance at APR / 12.
  • The minimum payment is recalculated each month as a percentage of the remaining balance, with a fixed floor — matching how most Indian card issuers compute minimum due.
  • New purchases, fees, and promotional 0% periods are not modeled — this assumes no new spending on the card.